The MoU for industrial cooperation would be signed in January, 2018
GN Bureau | November 29, 2017
Aluminium Association of India (AAI) and Italy’s leading aluminium association ASSOMET & AMAFOND will soon sign a pact for investing in a joint venture in the proposed Aluminium park at Angul being developed by NALCO and Odisha Industrial Infrastructure Development Corporation (IDCO).
A delegation led by consul general of Italy Damiano Francovigh had a discussion for industrial cooperation and collaboration between Aluminium Industries of India & Italy with NALCO CMD and AAI chairman Tapan Kumar Chand at Bhubaneswar.
“With large bauxite reserves and presence of major aluminum players like NALCO, Hindalco and Vedanta, Odisha is considered to be the aluminium capital of India. Global firms should come forward for investing in joint ventures with up-stream and down-stream units” Chand said.
The MoU would be signed during the next visit of the Italian Industry delegation in January, 2018.
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